Top 5 Cryptocurrency to invest in 2021
Cryptocurrencies reached record highs last year but have been caught up in a whirlwind so far this year. The crypto market has it has reached its full successful development during the pandemic, with it finally gaining purchase with official investors. With the market maturing, it is domineering to invest in cryptos with a long-term growth. Hence, the best cryptos to buy are those with real-world utility and a solid track record of innovation.
Several outgrowths, offshoots and other new names have emerged in huge numbers. At this point, there are over 7,000 cryptocurrencies to choose from for investment. This blog will help you ease your work and provide you with brief information about where you can invest in 2021.
Here are top 5 cryptocurrencies:
- Binance Coin
Bitcoin, in many ways, is the crypto industry in a nutshell for most investors. Created in 2009, the digital asset has revolutionized the financial world and become a household name.
The crypto had an incredible bull run from 2015 to 2017, but its price later tanked, with many fearing its end. However, Bitcoin bounced back last year and has delivered gains of over 260%. Despite the regulatory challenges and competition, it has an unmatched growth runway ahead.
BTC has pulled back sharply of late due to the regulatory crackdowns by various governments, especially China. Moreover, there have been discussions about whether it’s bad for the environment, with its massive energy consumption. However, due to the crypto’s widespread popularity and utility, these concerns are likely to abate over time.
Bitcoin will continue flying high for the foreseeable future and in all likelihood will cross $100,000 by the end of this year.
Bitcoin, in many ways, is the crypto industry in a nutshell for most investors. Ethereum was built as a platform to run programmatic smart contracts and applications via its own currency – ether.DApps are smart contracts programmed for a specific and recurring use. There are over 3,000 DApps deployed on Ethereum as of June 2021. This is more than the total numbers of DApps deployed on any other general-purpose blockchain platform in the world combined. According to the industry tracker DappRadar, the top 10 DApps in 2020 were responsible for close to 90% of transaction volumes on the blockchain.
DeFi is an extremely bullish catalyst for Ethereum. In fact, Ethereum is practically synonymous with DeFi because it powers many cryptocurrencies in the decentralized finance sector. Ethereum hosts more than 200,000 ERC tokens, some of which are part of the top 100 largest cryptocurrencies. DeFi allows users to trade assets and borrow and lend directly to one another without involving banks, and also acts as a means to creatively unlock value – for payments, loans, insurance, and more.
Together, with the accessibility of DeFi and the draw of better interest rates, more and more retail consumers will likely turn to the DeFi space. Even now, there are more than $65 billion worth of assets locked up in DeFi.
Rare Earth Metals Market size was valued at around USD 14 billion in 2019 and is said to reach USD 25 billion by 2026. CAGR of 20% per annum. RARX can reach a m-cap of $100 billion within 4 years based on the current market trends of Rare Earth Elements.
Rare Earth Elements are the future of all technology in the world and nothing can work without Rare Earth Elements be it Mobile Phones, 5G, CT Scan, PET Scan, TVs, LED Lights, Electric Vehicles, Smart Missiles and Bombs, Fighter Aeroplanes, Nuclear Submarines, Stealth/cloaking. Other than these the RARX token will also be used for enlistment of rare earth mining communities by improving their livelihood and developing new technologies for refining rare earth elements in a greener manner.
RARX, is a rising currency as it includes the main two factors with real-world utility and a solid track record of innovation.
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin.
The live Binance Coin price today is $391.88 USD with a 24-hour trading volume of $801,449,084 USD. As of August, Binance Coin plunge over 2%, The global cryptocurrency market cap is $1.88 trillion, a 3.02 percent decrease, while the total crypto market volume is $117.43 billion, which makes a 9.26 percent decrease. The current CoinMarketCap ranking is #3, with a live market cap of $65,889,574,506 USD. It has a circulating supply of 168,137,036 BNB coins and a max. supply of 168,137,036 BNB coins.
This feature is in beta testing. Place your estimates for next 6 months and see what others are thinking about it. Data displayed are based on user input compiled by CoinMarketCap. The cut-off for estimates for each month-end is on the 21st of each month.